Posts Tagged ‘Blakecoin info’

Blakecoin is a experimental cryptographic digital currency that enables payments to anyone, anywhere in the world. Blakecoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing coins are carried out collectively by the network.

Blakecoin (BLC) uses Blake-256 (optimized) faster than Scrypt, SHA-256D and Keccak algorithm and thus provides much faster hashrate from the same hardware as compared to the other alternatives. The algorithm was written as a candidate for SHA-3, based on round one candidate code from the Sphlib 2.1 library and reduced the round function to 8 rounds. BLC can currently be mined with both CPU, GPU and FPGA, though GPU mining is the best option at the moment for AMD graphics card owners. Blakecoin (BLC) requires a special miner software!

The Blake-256 algorithm hash rate is just under 3x faster on the GPU and just over 2x on the FPGA compared with Bitcoin. So for example with a Radeon R9 280X you can expect to get a hashrate of about 2-2.5 GH/s or more when mining Blackecoin. The reward for mining Blakecoin does Not decrease over time it only increases with block height and difficulty. Block reward is 25 coin + inflation (square root of (difficulty * block height)) and the total of 7 Billion coins will be mined.

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